According to Foresight News, decentralized asset management infrastructure Solv Protocol has announced the launch of its cross-chain yield-generating Bitcoin asset, SolvBTC. The asset will initially be available on Ethereum, Arbitrum, BNB Chain, and Merlin Chain, with plans to expand to other blockchain networks in the future.
SolvBTC aims to provide Bitcoin holders with a robust, low-risk source of income by integrating with DeFi protocols and offering multiple earning opportunities. Additionally, SolvBTC will serve as a crucial asset for liquidity distribution layers across various ecosystem networks, striving to build a cross-chain, inclusive, and efficient BTCFi ecosystem. The Solv Point System is also set to launch soon.